Commercial property in Miami, Florida 222.97 sq.m. № 1967709

Property description

Excellent new duplex investment opportunity in a quiet Miami neighborhood. Property completed in December 2024. Each unit features 3 bedrooms and 2 bathrooms, central air conditioning, and separate water and electric meters. Both units are approved for Section 8, offering stable and reliable income. Current rents: • Unit 1: $3,200 / month • Unit 2: $3,748 / month Total monthly income: $6,948 Annual gross income: $83,376 Estimated operating expenses: 13% (~$10,839/year) Net Operating Income (NOI): $72,537/year Cap Rate: ~8.5% at asking price of $849,000 Estimated ROI: ~34.2% (assuming 25% down payment, before appreciation and tax benefits) This property is ideal for investors seeking immediate cash flow, low vacancy risk, and long-term appreciation. Each unit has its own folio, offering flexibility for ownership or financing strategies.